(Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images) AFP via Getty Images Key takeaways Earnings season was mixed in the tech sector, with cost cutting and layoffs the story of...
Tag: Mark Zuckerberg
Meta Stock Jumps 2% Premarket On News Of More Layoffs
(Photo illustration by Chesnot/Getty Images) Getty Images Key Takeaways Meta’s stock price jumped 2% in premarket trading, but was dragged down by the market as whole after comments from Fed Chairman ...
Meta Jumps On Twitter’s Bandwagon, Introduces Premium Subscription Model For Facebook And Instagram
(Photo illustration by Chesnot/Getty Images) Getty Images Key Takeaways Meta is introducing a premium service aimed at content creators on Facebook and Instagram Twitter was the first social media pla...
Meta Launching $12-Per-Month Verification Service—Following Twitter’s Lead
Topline Meta, which owns Facebook and Instagram, is launching a subscription service that will give out verification badges to paying customers, CEO Mark Zuckerberg announced on social media on Sunday...
Meta Rumored To Make Further Layoffs, Prompting Surprising Market Reaction
(Photo illustration by Chesnot/Getty Images) Getty Images Key takeaways Meta announced $32bn in revenue for Q4, beating analysts’ expectations The earnings report this week was laser-focused on solvin...
Stock Slides As Disappointing iPhone Sales Lead Profits To Slip
Topline Apple disappointed in its quarterly earnings report released Thursday afternoon, sending its stock sliding, as the world’s largest company becomes the latest Silicon Valley behemoth to step to...
Meta Stock On Pace For Best Day In 10 Years
Topline Shares of Meta staged a massive rally Thursday after the Mark Zuckerberg-led Facebook parent company beat expectations in its latest quarterly earnings numbers, outlined cost-cutting measures ...
Exclusive Behind-The-Scenes Photos Of President Obama With Steve Jobs, Reed Hastings, Mark Zuckerberg And More
President Barack Obama shakes hands with Netflix CEO Reed Hastings, with Chinese leader Xi Jinping … [+] in the background Barack Obama Presidential Library / U.S. National Archives The Barack O...
Why Are Tech Companies Laying Off All These Workers?
getty Key takeaways As a potential recession nears, tech companies continue to lay off thousands of employees Meta kickstarted the layoff wave in early November when it slashed 11,000 employees While ...
Tech jobs hot despite Amazon, Google, Meta, Microsoft layoffs
Thomas Barwick | DigitalVision | Getty Images Big-name tech firms like Amazon, Google, Meta and Microsoft are undergoing mass layoffs, but job prospects for applicants in the broader tech ecosystem ar...
Microsoft And Amazon Lay Off Thousands
(Photo by Phil Barker/Future Publishing via Getty Images) Future Publishing via Getty Images Key takeaways Microsoft is laying off 5% of its workforce, citing recessions as a key factor Amazon still h...
Cameron Winklevoss and Barry Silbert are in a bitter battle in crypto
Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Mi...
Real Calamity Far Outpaces Virtual Reality At Struggling Social Media Pioneer Meta Networks
Fetishizing a company is easy to do when you consider Zuckerberg made himself and early shareholders … [+]s fabulously rich through a series of brilliant maneuvers during the growth phase of Fac...
Meta Layoffs – Facebook Continues To Cut Costs By Cutting Headcount
| Getty Images Key Takeaways Advertising income has begun to slow as fears of a 2023 recession mount. As it creates the metaverse, Meta continues to lose large amounts of money, some $9.4 billion in t...
The Sad Cases Of Elon Musk And Mark Zuckerberg
Rich kid. getty Have you seen the prices lately of Elon Musk’s Tesla stock and Mark Zuckerberg’s META stock? They’re both in serious decline, a different kind of condition for their investors who’d be...
Meta Shareholders Should Be Relieved Mark Zuckerberg Isn’t Living In a Facebook Past
In the broadly owned but mostly unread The Wealth of Nations, Adam Smith properly focuses on stationary versus ascendant economies. What’s stationary is an investor repellant simply because in commerc...
From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses
From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt a...
Meta To Layoff 11,000 Workers As Pandemic Hiring Frenzy Backfires
Key Takeaways Meta is laying off 11,000 members of staff, representing 13% of its global workforce. Mark Zuckerberg has admitted hiring too fast in the high growth pandemic years, and the company now ...
Meta To Lay Off Thousands Of Workers This Week As Tech Rout Continues
Key Takeaways Meta are rumored to be announcing significant layoffs in the coming days which could number in the thousands. It’s the latest blow for the company, with their Q3 revenue numbers down 4% ...
Meta prepares to layoff thousands of employees this week: WSJ
Meta intends to cut thousands of employees in the second week of November, the Wall Street Journal reported, citing people familiar with the matter. With over 87,000 employees at Meta, the layof...
Meta’s Problems Could Be Fixed but First Mark Zuckerberg Needs a Reality Check
One thing that became clear in this past week’s terrible tech earnings is that Mark Zuckerberg already lives in the metaverse. At the very least, it seems that the Meta Platforms CEO has established r...
What Meta’s Disappointing Earnings Mean For Tech Investors
Getty Images Key takeaways On Wednesday, Facebook parent company Meta reported disappointing quarterly earnings and forecast higher expenses through 2023 Meta stock plunged Thursday, shedding almost 2...
Investors Flee Meta After Earnings
With this afternoon’s earnings report, Meta confirmed every criticism hurled against them. It was painful to watch. It’s a tough time for ad supported businesses. Google and Snap had their time in the...
Meta Stock Crash Steepens As Facebook Parent Grapples With Recession Fears
Topline Facebook parent Meta Platforms reported earnings Wednesday that fell short of expectations, pummeling the company’s stock in after hours trading as the social media giant with metaverse ...
Tom Hardy Secretly Enters A Brazilian Jiu Jitsu Tournament Again And Submits All Of His Opponents
CANNES, FRANCE – MAY 19: (EDITORS NOTE: This image was produced using a lens baby selective focus … [+] lens. Image has been converted to black and white. This image has been altered digit...
Stability AI Raises $101 Million, VITURE Raises $10 Million For Wearable Hi Def Video
The Pico 4 Enterprise Edition was unveiled at AWE Europe this week. Pico The post-Connect skewering of Meta continues unabated. The press was not impressed with the kind of Metaverse Meta showed us la...
The Quest Pro And Everything In Meta’s Metaverse
Meta founder and CEO Mark Zuckerberg as a photorealistic Codec avatar. Meta Mark Zuckerberg’s Meta Connect developer conference keynote on Tuesday introduced the new $1,499 Meta Quest Pro, which is fo...
Mark Zuckerberg’s Metaverse Is Solving No Problems
Zuckerberg Meta Mark Zuckerberg laid out Tuesday how Meta is diving deeper and deeper into the black mines of the metaverse, attempting to extract digital gold. Zuckerberg revealed a $1,500 headset Oc...
Here’s how uber-rich pass wealth tax-free to heirs when markets are down
Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s be...
SideQuest Raises $12 Million Series A Led By Google Ventures
Mark Zuckerberg, teasing Meta’s new Project Cambria (aka Meta Quest Pro) headset, last month. Meta Meta Connect is next Tuesday, October 11th. The one day online event is open to the public. You...
Meta’s Zuckerberg warns of hiring freeze, restructuring plans: Bloomberg
Facebook owner Meta Platforms Inc. is freezing hiring and restructuring teams to cut costs, Bloomberg reported, citing Chief Executive Mark Zuckerberg. Meta will trim budgets across the company as it ...
Meta Quietly Reduces Staff in Cost-Cutting Push
Meta Platforms is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, accord...